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Additional details

Howard Flaschen

howard@roundtablerealty.com +1(904) 237-5311

$ 2,200,000

Est. payment | -/mo

752 SqFt

Save Virtual Tour

$ 2,200,000

Est. payment | -/mo

Save Virtual Tour

752 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 752 sqft

Price per Sqft $2,925

Subdivision Maxwellton Subdivision

MLS Listing ID TB8411513

HOA Y/N No

Year Built 2008

Annual Tax Amount $9,116

Lot Size 0.570 Acres

Acres 0.57

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

INVESTOR & DEVELOPER DREAM! Seize the opportunity to acquire a prime redevelopment site of a Multi-Use Income Assemblage in Booming SOUTHEAST SEMINOLE HEIGHTS!

Unlock the potential of this rare 4-lot income-producing assemblage strategically located in one of Tampa's fastest-growing districts—Southeast Seminole Heights. Just minutes from Downtown Tampa, Armature Works, I-275, I-4, and the Riverwalk, this high-visibility, high-traffic (160,000+ vehicles/day) corridor presents a prime opportunity for redevelopment, value-add investment, or long-term holding.

Zoned SH-CG (Commercial General), the site offers flexible mixed-use development options including retail, residential, multi-family, and boutique commercial. Situated within a designated Opportunity Zone and active CRA district, investors may also benefit from substantial tax incentives and city-supported growth initiatives.

Property Overview:

Lot 1 (4320 N Nebraska Ave | 12,600 SF): Parking lot + Ice machine producing $1,100/month.
Lot 2 (4330 N Nebraska Ave | 5,481 SF): Commercial parcel with small restaurant + key shop producing $3,000/month.
Lot 3 (815 E Chelsea St | 2,263 SF): 1,260 SF garage/storage—vacant, ideal for adaptive reuse or expansion.
Lot 4 (813 E Chelsea St | 4,650 SF): Charming 1940s bungalow (approx. 3,631 SF) with projected rental income of $2,500/month.
Total Current Income: Approx. $6,600/month, with substantial upside through lease-ups, improvements, or phased redevelopment.

Investment Highlights:

Flexible Zoning (SH-CG): Ideal for mixed-use or high-density residential.
High-Income Area: Median household income $78,604+ and rising.
Rental Demand: Median rents in the $2,500/month range support consistent cash flow.
Historic Character: Includes a 1940s bungalow with adaptive reuse or boutique commercial potential.
Opportunity Zone & CRA Location: Tax advantages + city support for ADUs, walkability, and neighborhood revitalization.
Infill & Multi-Family Growth: Area attracting significant private and public redevelopment—townhomes, duplexes, and multi-family projects are underway.
Green ARTery Network Access: Trail system connects to Tampa Heights, Ybor City, and Riverwalk—boosting lifestyle value and desirability.
Why Southeast Seminole Heights?

Recognized for historic bungalow charm (nationally featured in 2003 & 2025)
Median home prices surged 41 YoY (Feb 2025)—$600K+ in nearby historic zones
Zoning changes allow greater density—townhouses and duplexes now permitted in formerly single-family zones
Development momentum is strong, with city-backed support for increased connectivity, infill, and urban living
Whether you're a seasoned investor, developer, or visionary entrepreneur, this property offers a rare mix of cash flow, character, location, and upside potential. With the right strategy, this site is poised to deliver exceptional returns in a neighborhood on the rise.

Location

State FL

County Hillsborough

Community Maxwellton Subdivision

Area 33603 - Tampa / Seminole Heights

Zoning CG

Interior

Cooling Wall/Window Unit(s)

Exterior

Utilities Available Electricity Available, Public

View Y/N No

Water Access No

Building

Foundation Other

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Other

New Construction false

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8411513

Listed by Madlena McAllister BHHS FLORIDA PROPERTIES GROUP

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 237-5311

howard@roundtablerealty.com

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4330 N NEBRASKA AVE Tampa, FL 33603